Joe Biden on Thursday unveiled a $700 billion plan to create millions of American jobs and invest in new technology in a challenge to President Donald Trump on economic policy, a critical issue for November's election.
Mr Biden presented the "Build Back Better" proposal, as a contrast to Mr Trump's "America First" agenda, in a speech at a metal works plant in Pennsylvania.
Pennsylvania is a battleground state considered crucial to both candidates' chances of victory.
Mr Biden promoted his economic agenda as the most aggressive government investment in the US economy since the Second World War.
He also accused Mr Trump of ignoring the coronavirus pandemic and the climate crisis, while encouraging division amid a national reckoning with systemic racism.
“His failures come with a terrible human cost and a deep economic toll,” Mr Biden said in the 30-minute address.
“Time and again, working families are paying the price for this administration’s incompetence.”
"He's exactly the wrong person to lead in this moment."
Mr Trump has often claimed economic gains as one of the pillars of his presidency, but the coronavirus pandemic has devastated the country's growth by locking down consumers and sending unemployment numbers soaring.
Former vice president Mr Biden presented proposals to reinvigorate the US manufacturing and technology sectors.
He said the goal was "to sharpen America's competitive edge" in new industries such as battery technology, artificial intelligence, biotechnology and clean energy.
"That's the future," Mr Biden said.
He called for a $400bn (Dh1.46 trillion), four-year increase in the government buying US goods and services, plus $300bn in new research and development in US technology businesses.
Mr Biden said the investment in research and development, and procurement, would be at levels not seen since the Great Depression and the Second World War.
He also proposed tightening “Buy American” laws that are meant to benefit US companies, but which government agencies can circumvent.
Those moves would create five million new jobs, Mr Biden said.
He emphasised earlier pledges to adopt a minimum wage of $15 an hour, strengthen union bargaining rights and repeal Republican-backed tax breaks for US corporations that move jobs overseas.
Mr Biden also proposed to raise the country's corporate tax rate to 28 per cent from 21.
His campaign pledged investments in domestic markets would come before he entered negotiations for any new international trade agreements.
The Biden campaign also spoke of increased foreign procurement and outsourcing of jobs by US corporations during Mr Trump’s presidency.
Mr Trump won in 2016 largely on the promise of bringing back lost manufacturing jobs.
Mr Biden will continue in coming weeks with an energy and infrastructure plan to battle climate change.
A third package will focus on making child care and elder care more affordable for working-age Americans.
“It’s not sufficient to build back. We have to build back better,” Mr Biden said.
He said he would “ensure all Americans are in on the deal".
Vice President Mike Pence was also in Pennsylvania on Thursday, where he described Mr Biden as a threat to the economy.
Mr Pence promoted job gains before the pandemic and said the president was now leading a “great American comeback".
More on animal trafficking
The%20specs
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
WORLD CUP SQUAD
Dimuth Karunaratne (Captain), Angelo Mathews, Avishka Fernando, Lahiru Thirimanne, Kusal Mendis (wk), Kusal Perera (wk), Dhananjaya de Silva, Thisara Perera, Isuru Udana, Jeffrey Vandersay, Jeevan Mendis, Milinda Siriwardana, Lasith Malinga, Suranga Lakmal, Nuwan Pradeep
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019
KILLING OF QASSEM SULEIMANI
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
The specs: 2018 BMW R nineT Scrambler
Price, base / as tested Dh57,000
Engine 1,170cc air/oil-cooled flat twin four-stroke engine
Transmission Six-speed gearbox
Power 110hp) @ 7,750rpm
Torque 116Nm @ 6,000rpm
Fuel economy, combined 5.3L / 100km
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Defence review at a glance
• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”
• Prioritise a shift towards working with AI and autonomous systems
• Invest in the resilience of military space systems.
• Number of active reserves should be increased by 20%
• More F-35 fighter jets required in the next decade
• New “hybrid Navy” with AUKUS submarines and autonomous vessels
Andor
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Pros%20and%20cons%20of%20BNPL
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Dengue%20fever%20symptoms
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Biog
Age: 50
Known as the UAE’s strongest man
Favourite dish: “Everything and sea food”
Hobbies: Drawing, basketball and poetry
Favourite car: Any classic car
Favourite superhero: The Hulk original
UAE rugby season
FIXTURES
West Asia Premiership
Dubai Hurricanes v Dubai Knights Eagles
Dubai Tigers v Bahrain
Jebel Ali Dragons v Abu Dhabi Harlequins
UAE Division 1
Dubai Sharks v Dubai Hurricanes II
Al Ain Amblers v Dubai Knights Eagles II
Dubai Tigers II v Abu Dhabi Saracens
Jebel Ali Dragons II v Abu Dhabi Harlequins II
Sharjah Wanderers v Dubai Exiles II
LAST SEASON
West Asia Premiership
Winners – Bahrain
Runners-up – Dubai Exiles
UAE Premiership
Winners – Abu Dhabi Harlequins
Runners-up – Jebel Ali Dragons
Dubai Rugby Sevens
Winners – Dubai Hurricanes
Runners-up – Abu Dhabi Harlequins
UAE Conference
Winners – Dubai Tigers
Runners-up – Al Ain Amblers
Score
New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs
New Zealand win by 47 runs
New Zealand lead three-match ODI series 1-0
Next match: Zayed Cricket Stadium, Abu Dhabi, Friday
Company%20profile
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The Bloomberg Billionaire Index in full
1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion
COMPANY%20PROFILE
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The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
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